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Over 70% of Hong Kong people aged 34-41 intend to buy a flat
Dec 19, 2022
Over 70% of Hong Kong people aged 34-41 intend to buy a flat Hong Kong
By   Internet
  • City News
  • Home buying demand
  • property market
  • property
Abstract: The survey shows that Hong Kong people tend to buy rather than rent, with 22% of respondents intending to move within the next two years and nearly 40% wanting to move to a place closer to the core area.

As the epidemic eases, market sentiment continues to improve, encouraging more Hong Kong people to plan for the future.

 

It is worth noting that 72% of early millennials (aged 34-41) are interested in buying a home, followed by 64% of Gen Xers (aged 42-57).

 

Despite the rising interest rates on loans in Hong Kong, a pool of potential buyers, including young families and professionals who are more financially stable, still have the ability to purchase a home.

 

In addition, Hong Kong people have higher expectations in terms of their living environment.

 

In the past two years, remote working policies and concerns about the risk of transmission of the new pneumonia pneumonia have led Hong Kong people to spend more time at home, according to CBRE's Head of Research in Hong Kong, Kam-Ping Chan.

 

With mixed working patterns becoming mainstream, Hong Kong people are more likely to choose where to live based on whether it will handle courier and food delivery services, and whether there is dedicated space at home for work, compared to respondents in the global and Asia Pacific regions.

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Over 70% of Hong Kong people aged 34-41 intend to buy a flat
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